If a company is dormant or no longer needed, the simplest way to close it is by applying for strike off under Section 248 in Form STK-2, rather than going through a formal winding up.
This guide explains who can apply, the process, and the conditions.
What is Company Strike Off (STK-2)?
Strike off removes the company's name from the register of companies. It is available to companies that have not commenced business, or have not carried on business for two years, and have cleared their liabilities.
Pending annual filings must usually be completed before applying.
Step-by-step process
- Clear liabilities & filings. Settle debts, close bank accounts, and complete pending ROC filings.
- Board & shareholder approval. Pass a special resolution for strike off.
- File STK-2. Submit STK-2 with the required affidavits, indemnity bonds and statement of accounts.
- ROC review. The ROC publishes a notice; if no objection, the name is struck off.
Frequently asked questions
Can a company with pending filings be struck off?
Generally the company must complete overdue annual filings before it can apply for strike off.
Is strike off the same as winding up?
No. Strike off is a simpler removal from the register for inactive companies; winding up is a formal liquidation process.